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Constricted Pipeline for New Deliveries Means No New Wave to Maintain Equilibrium , /PRNewswire/ -- A widening supply and demand imbalance for apartments across the U.S. will drive national annual year-over-year (YOY) Class A multifamily rent growth up 2.4% by , with rates in markets such as , , , , , and increasing between 4.0% and 5.7%. In its , proprietary suite of machine learning models, is also forecasting YOY Class A rent growth gains in the West, Northeast and Southeast regions of the country at or above the 3% historical national average. The Southwest region is an outlier where YOY rent growth is predicted to be only 0.2%. "We're seeing record delivery of new product, the result of unprecedented new development that broke ground three plus years ago, when interest rates were at their lowest," said , co-CEO, Origin Investments. "But that tremendous wave of deliveries isn't being replaced. In the absence of the next wave, I see a world where rents continue escalating in the next one, two, three and maybe even four years." In the Multilytics report, Origin's five-year compounded annual growth rate (CAGR) for rents in the 15 cities where it invests and/or owns and manages multifamily assets all are greater than 4.0%, and ranges from 4.2% in to 5.7% in . Newmark projects the number of expected deliveries in 2024 to be approximately 600,000. However, the pipeline of deliveries is expected to fall precipitously, by 15.2% in 2025 and 53.8% in 2026. Demand for units, especially in growth markets around the country, isn't expected to change, with absorption keeping pace with mew deliveries. At the market level, Origin is predicting rent growth in 15 targeted markets where the firm continues to evaluate future potential developments or acquisitions. According to Multilytics, by all but three of Origin's target markets will return to positive growth, with , and lingering in the negative. However, by , all markets will return to positive territory, with seven markets topping 4% and six increasing by at least 3%. Two markets will have rent growth from 1.5% to 2.0%. The Origin markets experiencing the greatest YOY annual rent growth for Class A apartments are , 5.6%; , 5.6%; , 4.6%; , 4.4%; and , 4.4%. The two markets with rent growth lower than 2% are , 1.7% and , 1.6%. In other significant national and regional markets across the country, Origin projects that YOY Class A apartment growth will exceed 4.0% in (4.3%) and (4.4%); meet or exceed 3.0% in (3.0%), (3.0%) and (3.1%), and exceed 2.5% in (2.6%) and (2.8%). Multifamily market dynamics will produce a sharp contrast in YOY rent growth among some markets between and . In , for example, YOY rent growth in is projected at -2.6%, but in it is projected to increase to 1.6%. Other markets with significant discrepancies include , at -2.1% rent growth in mid-2025 but projected at 1.7% by . , too, will have a nice turnaround, from -0.4% at mid-year to 3.1% by . According to the Origin report, three of the top five market reporting the most dramatic contrasts are in : , 4.2%; , 3.4%; and , 3.3%. In , the contrast from mid-year 2025 to the beginning of 2026 was only 1.0%. "From an investment perspective, I believe we are at the beginning of a pretty significant bull cycle for rents," Scherer said. "At this point, it will take an exogenous shock to bring it back on the supply side." , Data Scientist, Origin Investments, identified a deep recession and meaningful decline in homeownership costs as two exogenous shocks that could significantly alter the record pace of absorption. In a recession, household formation would fall because instead of renting an apartment, individuals tend to move back home or take on one or more roommates who otherwise would be renting apartments themselves. He also noted markets where it could be as much as 40% to 50% more expensive to buy than rent. "The combination of a pricing reset and a significant reduction in mortgage rates isn't likely to occur quickly enough to make a meaningful difference in the cost of renting versus buying," he said. "As a result, we are increasingly becoming a nation of renters." Last year, for a return to normalized rent growth was tempered by looming unquantifiable market risks. Despite a changed landscape, and in the presence of a transitioning political picture, unquantifiable risks remain a concern. The Origin report says it's too early to predict what a new administration will do in 2025 and beyond. President-elect proposals to increase tariffs are likely to lead to higher interest rates and rising inflation. Other proposals could spur job creation. His goal to keep interest rates low to may be hampered by higher material costs, which could make new construction deals more difficult. Founded in 2007, Origin Investments is a private real estate manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing tax-efficient real estate solutions through private funds. We build, buy and finance multifamily real estate projects in fast-growing markets throughout the U.S. In 2023, we founded affiliate firm Origin Credit Advisers, an SEC-registered investment adviser that provides yield-focused multifamily debt investments for qualified purchasers. SEC registration does not constitute an endorsement by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Through our Origin Exchange platform, introduced in 2024, investors can complete a 1031 exchange of their properties for professionally managed, institutional-quality assets. To learn more, visit . View original content to download multimedia: SOURCE Origin Investments
Key nations raced Saturday to salvage UN climate talks after the poorest countries pushed back angrily for more than $300 billion a year in help from historic wealthy emitters. More than a day past the scheduled conclusion of two days of COP29 talks, host Azerbaijan urged bleary-eyed delegates to seek consensus to avoid failure. "I know that none of us want to leave Baku without a good outcome," COP president Mukhtar Babayev told a late-night session, urging all nations to "bridge the remaining divide". Developing power Brazil pleaded for at least some progress and said it would seek to build on it when it leads COP30 next year in the Amazon gateway of Belem. "After the difficult experience that we're having here in Baku, we need to reach some outcome that is minimally acceptable in line with the emergency we're facing," Brazil's environment minister Marina Silva told delegates. A number of nations have accused Azerbaijan, an authoritarian oil and gas exporter, of lacking the experience and will to meet the moment, as the planet again sets record temperatures and faces rising deadly disasters. Small island nations threatened by rising seas and impoverished African states on Saturday angrily stormed out of a meeting with Azerbaijan, saying their concerns had been ignored. The European Union, United States and other wealthy countries met directly with poorer nations to work out final details, with both blocs also concerned at efforts led by Saudi Arabia to water down calls from last year's summit to phase out fossil fuels. "If we don't do it, people at home -- in every home across the world -- would say, why did you not get an agreement? Because I believe we can," Irish climate minister Eamon Ryan told AFP. A draft of the final text seen by AFP proposes that rich nations raise to $300 billion a year by 2035 their commitment to poorer countries to fight climate change. It is up from $100 billion now provided by wealthy nations under a commitment set to expire -- and from $250 billion proposed in a draft Friday. That offer was slammed as offensively low by developing countries, which have demanded at least $500 billion to build resilience against climate change and cut emissions. Sierra Leone's climate minister Jiwoh Abdulai, whose country is among the world's poorest, called the draft "effectively a suicide pact for the rest of the world". As staff at the cavernous and windowless stadium began closing down, diplomats rushed to meetings with one another, some ready with food and water in preparation for another late night. Panama's outspoken negotiator, Juan Carlos Monterrey Gomez, voiced anger at offers by rich countries but warned not to repeat the failure of COP15 in Copenhagen in 2009. "I'm sad, I'm tired, I'm disheartened, I'm hungry, I'm sleep-deprived, but there is a tiny ray of optimism within me because this cannot become a new Copenhagen," he told reporters. UK Energy Secretary Ed Miliband said the revised offer of $300 billion was "a significant scaling up" of the existing pledge by developed nations, which also count the United States, EU and Japan among their ranks. Climate activists shouted "shame" as US climate envoy John Podesta walked the halls. "Hopefully this is the storm before the calm," he said. Wealthy nations say it is politically unrealistic to expect more in direct government funding. Donald Trump, a sceptic of both climate change and foreign assistance, returns to the White House in January and a number of other Western countries have seen right-wing backlashes against the green agenda. The draft deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources. Ali Mohamed, the Kenyan chair of the African Group of Negotiators, told AFP: "No deal is better than a bad deal." South African environment minister Dion George, however, said: "I think being ambitious at this point is not going to be very useful." "What we are not up for is going backwards or standing still," he said. "We might as well just have stayed at home then." The US and EU have wanted newly wealthy emerging economies like China -- the world's largest emitter -- to chip in. China, which remains classified as a developing nation under the UN framework, provides climate assistance but wants to keep doing so on its own voluntary terms. The EU and other countries have also tussled with Saudi Arabia over including strong language on moving away from fossil fuels, which negotiators say the oil-producing country has resisted. "We will not allow the most vulnerable, especially the small island states, to be ripped off by the new, few rich fossil fuel emitters," said German Foreign Minister Annalena Baerbock. bur-np-sct/lth/giv Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.
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The question sounds so basic and friendly. But it’s actually loaded, as many mothers can attest. “Do you just love getting to be home with him all the time?” asks the younger, more put-together woman in the supermarket. “Must be so wonderful.” Wonderful, of course — and sometimes brain-numbing and soul-draining too, some exhausted fulltime moms might reply. Especially if, like Amy Adams’ character in Marielle Heller's “Nightbitch," they’d left their prized art gallery job to this other woman. And so Adams responds, twice, showing in this very opening scene exactly why her typically brave, brutally frank performance lifts this movie from an oddly uneven script to something unequivocally worth seeing. First we get the honest answer, the one no one really gives until later in the shower: she feels “stuck inside of a prison of my own creation,” where she torments herself and ends up binge-eating Fig Newtons to keep from crying. She is angry all the time. Oh and, she has gotten dumber. Then we rewind and director-writer Heller has Adams give her real answer: “I do, I love it! I love being a Mom.” There we are, two minutes and 13 seconds into “Nightbitch” and you may already find yourself wowed by Adams. If not, just wait until her Mother is sitting at a chic restaurant with a bunch of colleagues from the art world, and her fangs come out. And we don’t mean figuratively. We mean literally. Let’s go back to the beginning, shall we? “Nightbitch” is based on the 2021 novel by Rachel Yoder, a feminist fable that the author has said came from her own malaise when pausing work for child-rearing. She sets her tale in an unidentified suburb of an unidentified city. Mother (characters all have generic names), formerly an admired installation artist, spends her weekdays alone with her adorable, blond 2-year old Son. Husband has a job that seems to bring him home only on weekends. The early scenes depicting Mother’s life are tight and impactful, a contrast to the confused havoc that will come toward the end of the film. Life revolves around the playground and the home, with occasional trips to storytime at the library where she notes, in narration, that she has no interest in the company of other moms — why should they be friends just because they're moms? In fact, Mother lives in solitude, and director Heller does a nice job illustrating how that feels you can almost feel the weight of the afternoon coming around, at this comfortable but hardly ostentatious home, when it’s too early for dinner and you’ve done all the activities already and you wonder if you can make it through the day. Then things start to get weird. In the bathroom mirror, Mother starts noticing things. Her teeth are getting sharper. There’s something weird coming out of an apparent cyst at the bottom of her spine. She finds extra nipples. And that’s before she starts eating rare meat. (Also, if you love cats, you may want to close your eyes at one point.) Somewhow Adams, who also produces here, makes these things seem, if not quite natural, then logical. What's happening is that Mother’s frustration is becoming ferocious. Dangerously ferocious. But also — empowering. At night, or so she thinks, she is a wild dog. Aspects of the film work wonderfully. Mother’s relationship with Son (twins Arleigh and Emmett Snowden) is lovely, largely due to a decision to let the young boys talk freely, with the adult actors reacting to their words. It lends a grounding realism to a film that quickly veers surreal. Less successful is the relationship between Mother and Husband (Scoot McNairy), which takes on too much importance as the film goes on, in a baffling way, rather than Mother’s transformation. (Also, just asking, has anyone in this movie ever heard of a babysitter?) More importantly, a story that posits itself on such a tantalizing idea — that by transforming into a dog, Mother discovers her true nature and power —resorts late in the game to a safer story about a marriage that never seemed appealing enough for us to care about anyway. It doesn't help that it's hard to grasp the distracting subplot about Mother’s own mother. None of this takes away from the strength of Adams’ performance. You believe her love for her child as much as you believe her resentment for what he is taking away from her. And Adams can make almost any line work, including one about a walnut. But we digress. It’s an irony that for reasons of storytelling, characters have generic names — because Adams is such a singular and particular, talent. The journey she embarks upon is bizarre indeed, but you won’t regret taking it with her. “Nightbitch,” a Searchlight Pictures release, has been rated R by the Motion Picture Association “for language and some sexuality. “ Running time: 98 minutes. Two stars out of four. Jocelyn Noveck, The Associated PressGSA Wants to Modernize Federal Procurement Process With New Tech
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December 6, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked trusted source proofread by Kyle Shaner, University of Cincinnati A prediction market was more accurate in forecasting the 2024 presidential election than traditional polls and pundits. Prediction markets, also known as betting markets, are where contracts that are contingent on the occurrence of events in the future can be traded. The potential displayed by that success in forecasting the election, along with an administration friendlier to cryptocurrencies, could lead to greater adoption for them, a University of Cincinnati economist said. Michael Jones, Ph.D., a Carl H. Lindner College of Business assistant professor of economics and director of the Cryptoeconomics Lab at UC Digital Futures, said the success of a blockchain-based prediction market, Polymarket, in predicting the outcome of the election showed that cryptocurrencies and blockchain technologies have more potential than just investments. "What's exciting is you're seeing a real-world use case that's getting a lot of attention that shows the value and utility of using a blockchain," Jones said. Polymarket is the world's largest prediction market. Users can take a position on whether or not an event will occur. If they're right, they get paid instantaneously. It's built on a blockchain, an unchanging digital ledger of economic transactions that records not only financial transactions but anything of value, in a global and verifiable system. As Election Day approached, Trump was trading at approximately 60 cents on the dollar on Polymarket. Those who bet on Trump made approximately 40 cents profit per share once he won the election. The market gave Trump greater odds to win than most polls, which had the election at close to 50-50 odds, and was closer to the final Electoral College tally. "The polls are just people's opinions; the pundits had their opinions, but there really are no consequences if they got it wrong," Jones said. "Maybe they took a little heat in the media. But if you got it wrong in the prediction market side, then you lost significant amounts of money. "What people started to realize is there's information contained in these prediction markets , so we should take them seriously." Prediction markets can be used for more practical matters, too, Jones said. For example, companies have used them to gauge the likelihood that a product will launch in the coming year. Typically, employees are incentivized to present optimistic outlooks to their employers. Prediction markets are more likely to get an unbiased opinion. "The advantage is it's built on the wisdom of the crowd," Jones said. "If everybody is able to use their own secret information, their own personal experiences of what they know, it sort of aggregates all of the individuals and really puts money on the line. "What you're really doing is democratizing the information collection." Also, some companies have used prediction markets to hedge against risk, Jones said. They might take a position that pays out if something occurs, such as a natural disaster or unfavorable court ruling, that otherwise would harm their business. The Defense Advanced Research Projects Agency (DARPA), which is part of the U.S. Department of Defense, experimented with using prediction markets to predict things such as terrorism, coups and recessions. Discover the latest in science, tech, and space with over 100,000 subscribers who rely on Phys.org for daily insights. Sign up for our free newsletter and get updates on breakthroughs, innovations, and research that matter— daily or weekly . The DARPA project was controversial as there were objections to people profiting off tragedies such as terrorism. Still, other people maintain the knowledge gained from the prediction market is more valuable than the potential downsides. "Economists took both sides of this," Jones said. "If you need to get this information out, are you willing to accept that the trade-off is someone might profit from the higher likelihood that you could save lives—because you know there's a high probability an event is going to occur?" For the past couple years, the Commodities Futures Trading Commission has prohibited American citizens from participating in some prediction markets. However, Jones said it would be naive to think Americans haven't participated, including in the election prediction market, as tools such as virtual private networks allow users to hide their locations online. During Joe Biden's presidential administration, the U.S. government, including the Securities and Exchange Commission, has been aggressive in pursuing cases against cryptocurrency companies and pursuing regulations. There likely will be fewer regulations during the Trump administration, Jones said. "Many investors are anticipating that a lot of those cases will be dropped," he said. "I think a lot of the regulations around crypto companies being located in the U.S. will be improved, so it will open up more economic activity for those companies." Jones expects it will be easier for cryptocurrency companies to locate in the United States and build their businesses here. He also expects more companies and individuals to adopt cryptocurrencies as an asset class. Provided by University of CincinnatiMichigan aims to cap lost season by beating Ohio StateNEW YORK , Nov. 25, 2024 /PRNewswire/ --The global travel market size is estimated to grow by USD 5.50 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.52% during the forecast period. Growing popularity of experiential travel is driving market growth, with a trend towards increasing international tourist footfall. However, threat from growing terrorism poses a challenge. Key market players include Accor S.A., American Express Global Business Travel GBT, Balkan Holidays Ltd., BCD Travel Services BV, Booking Holdings Inc., Carlson Inc., Corporate Travel Management Ltd., Expedia Group Inc., Fareportal Inc., Flight Centre Travel Group Ltd., G Adventures, JPMorgan Chase and Co., JTB Corp., MakeMyTrip Ltd., Marriott International Inc., Omega World Travel Inc., PT Global Digital Niaga, Traveloka, The Scott Travel Group Ltd., Travel Leaders Group Holdings LLC, World Travel Holdings, and World Travel Inc., Airbnb, Inc., Hilton Worldwide, InterContinental Hotels Group (IHG), Hyatt Hotels Corporation, Carnival Corporation, Royal Caribbean Group. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Travel Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 18.52% Market growth 2024-2028 USD 5506.7 billion Market structure Fragmented YoY growth 2022-2023 (%) 15.17 Regional analysis APAC, Europe, North America, South America, and Middle East and Africa, Performing market contribution APAC at 39% Key countries US, France, China, UK, and Japan, Spain, Italy, Germany, Thailand, Australia Key companies profiled Accor S.A., American Express Global Business Travel GBT, Balkan Holidays Ltd., BCD Travel Services BV, Booking Holdings Inc., Carlson Inc., Corporate Travel Management Ltd., Expedia Group Inc., Fareportal Inc., Flight Centre Travel Group Ltd., G Adventures, JPMorgan Chase and Co., JTB Corp., MakeMyTrip Ltd., Marriott International Inc., Omega World Travel Inc., PT Global Digital Niaga, Traveloka, The Scott Travel Group Ltd., Travel Leaders Group Holdings LLC, World Travel Holdings, and World Travel Inc., Airbnb, Inc., Hilton Worldwide, InterContinental Hotels Group (IHG), Hyatt Hotels Corporation, Carnival Corporation, Royal Caribbean Group Market Driver Inbound tourism has experienced significant growth worldwide, leading to an increase in the number of tourists and demand for travel activities. Business travel, both international and domestic, is a significant contributor to this trend. The presence of numerous multinational corporations drives corporate visits, boosting the travel industry. Online travel platforms cater to the rising demand for travel activities from an increasing number of international tourists, primarily from North America , Europe , and the Pacific region. Government initiatives, such as improved connectivity through new airports, further fuel tourism growth. Overall, these factors are expected to expand the global travel market during the forecast period. The travel industry is experiencing significant shifts driven by trends such as the growing middle class population, heightened security and health concerns, and the increasing role of foreign tour operators and online platforms. Digital transformation is at the forefront, with tourists relying on online resources for trip planning, booking flight tickets and hotels, and even renting cars. Economic stability and leisure activities continue to be key motivators for vacations and holiday packages. The pandemic has created an acquisition opportunity for online travel agents, with promotional activities and new year holidays driving bookings. Mobile apps and holiday packages for international cities cater to elite travelers seeking new experiences in unexplored destinations. The luxury travel market remains strong, with a focus on security and personalized services. Overall, the online travel market is thriving, offering tourists convenience, affordability, and access to a world of new opportunities. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This travel market report extensively covers market segmentation by 1.1 Transportation- The Travel Market is a thriving industry that connects service providers with customers seeking unique travel experiences. It offers various opportunities for businesses to expand their reach and increase sales. By utilizing effective marketing strategies and providing exceptional customer service, companies can attract and retain customers. The Travel Market also encourages innovation and collaboration, allowing businesses to offer competitive prices and diverse offerings. Overall, it is a dynamic and profitable sector that continues to grow and evolve. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The online travel market has experienced significant shifts in the wake of the pandemic, with a growth in domestic tourism and an increase in bookings for New Year holidays. Mobile apps have become essential tools for travelers, allowing them to easily compare holiday packages, book flights, hotels, car rentals, and more. The adoption of IoT technology in the tourism sector offers new experiences and personalized services, creating opportunities for innovation. However, political instability, natural disasters, and stringent immigration policies pose challenges. The acquisition of smaller players in the online travel market presents opportunities for growth, particularly in the luxury travel market catering to elite travelers. Unexplored destinations and micro trips are also gaining popularity as travelers seek new experiences. Business and sports travel are expected to rebound as restrictions ease. Despite these trends, the tourism sector continues to face uncertainty and must adapt to changing consumer preferences and external factors. Market Research Overview The online travel market has seen a significant growth during the pandemic as people look for acquisition opportunities in the tourism sector. Domestic tourism has become a popular choice for travelers, leading to an increase in bookings for new year holidays. Mobile apps and online travel agents offer convenience for holiday packages, car rentals, and international city explorations. The luxury travel market caters to elite travelers seeking new experiences in unexplored destinations. Micro trips and personalized services are also in demand, as is reliable transport and professional interaction. Political stability, customized tours, and private tours are essential for some travelers, while others prioritize baby boomers, Gen X, and millennials' preferences. Technological advancements, such as the adoption of IoT, have transformed the industry, with online booking platforms, travel websites, and rapid globalization playing key roles. However, challenges such as political instability, natural disasters, and stringent immigration policies persist. Business, sports, and leisure activities continue to drive travel, with economic stability and infrastructure development crucial for the tourist industry's digital transformation. Online resources, flight tickets, hotels, and trip planning remain essential, with health and security concerns also influencing travel decisions. Foreign tour operators and online platforms cater to various tourist destinations, while influencer marketing, travel blogs, and user-generated content shape travel trends. Country revenue depends on public transportation, accommodation facilities, and the middle class population's growing demand for travel. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/travel-market-size-is-set-to-grow-by-usd-5-50-trillion-from-2024-2028--growing-popularity-of-experiential-travel-boost-the-market--technavio-302314953.html SOURCE Technavio
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Country singer Caleb Kennedy, who competed in American Idol Season 19, has been sentenced to eight years in prison following his involvement in a 2022 car crash that killed a man in Pacolet, South Carolina. Kennedy pled guilty last week to the felony charge of driving under the influence resulting in death, according to the Greenville News . He was initially sentenced to 25 years in prison and a $25,100 fine, but he had that sentence and fine reduced to eight years and $15,100, with three of those years served in home detention. He also received credit for the nearly three years he has already served. Additionally, the singer will serve five years of probation, and he is required to attend mental health and substance abuse counseling. The legal update comes nearly three years after Kennedy, then 17, struck and killed 54-year-old Larry Duane Parris while driving his Ford F-150 on February 8, 2022. Warrants alleged that Kennedy was under the influence of marijuana at the time, and he was arrested on the DUI charge on the day of the crash. Ryan Beasley, Kennedy’s attorney, told the News that the sentencing was fair. “He’s got no record, and he was a minor when this happened,” Beasley said. “This wasn’t such an egregious act that you see most of the time, where people were drinking and driving then they hit somebody at night or going the wrong way down the road. This was a weird reaction from his prescription medicine and possibly THC.” Beasley also said that Kennedy is “very remorseful” and that the sentencing “starts the healing process for everybody involved in this situation.” (The News notes that Parris’ family wanted the maximum 25-year sentence.) Kennedy made it to the Top 7 of American Idol Season 19 but withdrew from the competition after a video of him standing next to a person wearing a Ku Klux Klan-style hood resurfaced. “I was younger and did not think about the actions, but that’s not an excuse,” Kennedy said, in part, on social media at the time. “I wanna say I’m sorry to all my fans and everyone who I have let down.” More Headlines:
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